Last $51.77 USD
Change Today +1.72 / 3.44%
Volume 4.7M
SCTY On Other Exchanges
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As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

solarcity corp (SCTY) Snapshot

Open
$50.35
Previous Close
$50.05
Day High
$52.16
Day Low
$50.01
52 Week High
03/6/14 - $82.37
52 Week Low
05/7/14 - $45.79
Market Cap
5.0B
Average Volume 10 Days
2.8M
EPS TTM
$-0.63
Shares Outstanding
96.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARCITY CORP (SCTY)

solarcity corp (SCTY) Details

SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales force; call centers; channel partner network; and robust customer referral program. The company was founded in 2006 and is headquartered in San Mateo, California.

9,012 Employees
Last Reported Date: 02/24/15
Founded in 2006

solarcity corp (SCTY) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $276.1K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: $276.1K
Chief Operations Officer
Total Annual Compensation: $175.0K
Executive Vice President of Process Engineeri...
Total Annual Compensation: $101.2K
Chief Revenue Officer
Total Annual Compensation: $83.7K
Compensation as of Fiscal Year 2013.

solarcity corp (SCTY) Key Developments

SolarCity Expands to New Mexico and Plans to Open Local Solar Operations Center in Albuquerque

SolarCity is expanding to New Mexico this week and will make its groundbreaking MyPower solar loan available to New Mexico homeowners. MyPower makes it possible for many New Mexico homeowners to install solar with no upfront cost and pay as much as 20% less by going solar than they pay for utility power. SolarCity expects the unique solar loan to immediately become the most affordable residential solar power option in the state. The company also provides solar power to businesses and government organizations and has already completed hundreds of projects in the state. New Mexico homeowners will repay their MyPower loan similarly to the way a customer would pay for a solar power purchase agreement based on the solar energy the system produces from the sun while retaining ownership of the solar panels. MyPower's affordability has made it extremely popular more than 12,000 customers across the country have already signed up for the product since it was introduced in October 2014 and New Mexico will be the first place where SolarCity has launched solar service through MyPower exclusively. SolarCity plans to open a local solar operations center in Albuquerque this month and initially expects to hire 50 local employees in sales, installation and related roles. The company will initially serve homeowners that are customers of the utility PNM in Albuquerque, Santa Fe and their surrounding areas as well as homeowners that are customers of El Paso Electric in the Las Cruces area.

SolarCity Reports Earnings Results for the Fourth Quarter Ended December 2014; Provides Earnings Guidance for the First Quarter of 2015; Plans to Open 35 New Warehouses

SolarCity reported earnings results for the fourth quarter ended December 2014. GAAP net loss expanded to $141.4 million, in the October-to-December quarter, from a loss of $39.8 million. On a share basis, the company reported a GAAP loss of $0.04 per diluted share compared to a GAAP profit of $0.28 per diluted share. Non-GAAP loss per share was $1.47 in the fourth quarter. Fourth quarter revenue was $71.8 million. CapEx was minimal in fourth quarter, but will increase significantly throughout the year as it build out its manufacturing capacity. For the first quarter, the company anticipates non-GAAP loss per share in the range of $1.65 to $1.75. The company is going to be opening up 35 new warehouses. The company is going to be expanding to new markets and new states.

SolarCity Launches Solar Service in Reno, Sparks and Carson City, Nevada

SolarCity is launching its solar service in Reno, Nevada, for the first time. The nation’s #1 rooftop solar power provider can make it possible for many homeowners in Reno, Sparks and Carson City to install solar panels with no upfront cost and pay less for solar electricity than they pay for electricity from their utility company. SolarCity can allow area homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance and monitoring included. SolarCity plans to open a Reno operations center in April, and expects to hire more than 30 local staff in the next few months.

 

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SCTY:US $51.77 USD +1.72

SCTY Competitors

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Company Last Change
Canadian Solar Inc $34.60 USD +4.42
First Solar Inc $61.66 USD +0.46
REC Solar ASA 101.00 NOK +0.50
SunEdison Inc $23.17 USD +0.77
Vivint Solar Inc $11.35 USD +2.82
View Industry Companies
 

Industry Analysis

SCTY

Industry Average

Valuation SCTY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 18.9x
Price/Book 6.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 8.0x
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